Sandisk shares jump 5.47% after-hours as analysts upgrade revenue forecasts and AI-driven demand boosts optimism.

Sandisk Corporation (NASDAQ:SNDK) surged 5.47% in after-hours trading following a 38% upgrade to revenue forecasts by industry analysts, who now expect $15 billion in 2026 sales—up from $11 billion—and raised price targets by 62%. The stock’s gains align with robust Q2 results, including a 61% year-over-year revenue jump and a 5x increase in non-GAAP earnings, driven by AI-fueled demand for NAND flash storage in data centers. Analysts highlight Sandisk’s outperformance against peers like Micron, with projected 200% annualized revenue growth through 2026 far exceeding its historical 13% rate and industry averages. Heightened optimism is further underscored by extended hyperscaler partnerships and supply constraints in the NAND market, which analysts anticipate will sustain elevated pricing power. The rally reflects investor confidence in Sandisk’s accelerating growth trajectory amid the AI boom.